Jeffrey Symes Sells 6,033 Shares of Cousins Properties (NYSE:CUZ) Stock

Cousins Properties Incorporated (NYSE:CUZ) CAO Jeffrey Symes sold 6,033 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $29.44, for a total value of $177,611.52. Following the sale, the chief accounting officer directly owned 16,685 shares in the company, valued at $491,206.40. This trade represents a 26.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Cousins Properties Trading Up 0.3%

Shares of NYSE CUZ opened at $29.67 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.83. Cousins Properties Incorporated has a 12 month low of $21.03 and a 12 month high of $32.95. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 741.94, a P/E/G ratio of 1.94 and a beta of 1.18. The business has a fifty day simple moving average of $30.26 and a 200-day simple moving average of $26.57.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.58). The company had revenue of $268.53 million during the quarter, compared to analysts’ expectations of $263.55 million. Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 EPS. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. Sell-side analysts predict that Cousins Properties Incorporated will post 2.97 EPS for the current year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Monday, July 6th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, July 6th. Cousins Properties’s dividend payout ratio (DPR) is 3,200.00%.

Institutional Investors Weigh In On Cousins Properties

Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. increased its stake in shares of Cousins Properties by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 12,890,208 shares of the real estate investment trust’s stock worth $332,310,000 after acquiring an additional 419,911 shares during the last quarter. Resolution Capital Ltd raised its holdings in shares of Cousins Properties by 0.6% during the second quarter. Resolution Capital Ltd now owns 5,919,230 shares of the real estate investment trust’s stock worth $177,754,000 after acquiring an additional 33,097 shares in the last quarter. Centersquare Investment Management LLC boosted its position in Cousins Properties by 3.2% during the fourth quarter. Centersquare Investment Management LLC now owns 5,847,176 shares of the real estate investment trust’s stock valued at $150,740,000 after purchasing an additional 179,036 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in Cousins Properties by 308.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 5,175,415 shares of the real estate investment trust’s stock valued at $133,422,000 after purchasing an additional 3,909,740 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Cousins Properties by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 3,448,764 shares of the real estate investment trust’s stock valued at $88,924,000 after purchasing an additional 47,633 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CUZ shares. Barclays boosted their price target on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Wells Fargo & Company lifted their price objective on shares of Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Wall Street Zen raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Evercore restated an “outperform” rating and issued a $34.00 target price on shares of Cousins Properties in a report on Monday, July 6th. Finally, Mizuho raised their target price on Cousins Properties from $27.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.09.

Cousins Properties Company Profile

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.